Fixed IncomeApr 14 2014

Neuberger Berman hires former Axa bond manager

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Neuberger Berman has hired Andrew Wilmont as lead European high yield portfolio manager, based in London, with a view to launching a new fund in this asset class.

Mr Wilmont joins from Alcentra, part of BNY Mellon Asset Management, where he was head of European high yield investments. Before this he ran three high yield funds at Axa Investment Managers, including the Axa Global High Income fund.

Neuberger Berman said in a statement announcing the appointment that it planned to launch a European high yield fund within its Dublin-domiciled Ucits fund range.